This share price has more than halved in two months on literally no news. As others have said above, there is literally no bad news in the quarterly (no great news either), no pressing cash burn issues and the very real prospects of some breakout US/Japanese/Korean contracts.
Simple.
You have seen some silly rises in other RRE/M small caps in recent weeks on announcement of contracts. We are sat on a selection of call options. One or more contract and the share spikes higher, depending on size and detail.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-83
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Last
60.0¢ |
Change
0.045(8.11%) |
Mkt cap ! $108.7M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 60.0¢ | 55.0¢ | $206.7K | 360.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13600 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 29443 | 1 |
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| ASM (ASX) Chart |